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Armaan · 08-11-06

Parsvnath Developers IPO issue opens on November 6, 2006 and closes on November 10, 2006. The group opens the subscription with the objective of tapping the capital market to fund its future construction plans.

Entering the stock markets with an offering of 3.30 crore shares, priced within a band of Rs 250 to 300 each, Parsvnath Developers plans to raise funds in the range of Rs 826 crore to Rs 991 to fund its eleven residential and commercial projects spread over the next four years.

While money raised through the issue will fund a large part of the total requirement of Rs 1,428.5 crore, the rest will be financed by borrowings and customer advances.

08-11-06	#1
Armaan New Member Join Date: Oct 2006 Posts: 31 Thanks: 0 Thanked 0 Times in 0 Posts	Parsvnath Developers IPO Parsvnath Developers IPO issue opens on November 6, 2006 and closes on November 10, 2006. The group opens the subscription with the objective of tapping the capital market to fund its future construction plans. Entering the stock markets with an offering of 3.30 crore shares, priced within a band of Rs 250 to 300 each, Parsvnath Developers plans to raise funds in the range of Rs 826 crore to Rs 991 to fund its eleven residential and commercial projects spread over the next four years. While money raised through the issue will fund a large part of the total requirement of Rs 1,428.5 crore, the rest will be financed by borrowings and customer advances. Last edited by Armaan; 08-11-06 at 03:41 PM.